Extreme TMA System

TP,

Over the last 2 and 1/2 days I am up +93 pips taking H1 trades as per the instructions on page one. This is a very short sample size, I realize. 3 winners, 1 loser and 3 scratch trades.

I am not using recovery trades. I am setting hard stops of 20-40 pips and will not take the trade if risk to reward is less than 1:1.

Jon

Ben annouced QE3 @ after the FOMC meeting, youpee !!!!

Following is the verbatim text of the Federal Reserve's Open Market Committee statement, which was released on Thursday, Sept. 13:

Information received since the Federal Open Market Committee met in August suggests that economic activity has continued to expand at a moderate pace in recent months. Growth in employment has been slow, and the unemployment rate remains elevated. Household spending has continued to advance, but growth in business fixed investment appears to have slowed. The housing sector has shown some further signs of improvement, albeit from a depressed level. Inflation has been subdued, although the prices of some key commodities have increased recently. Longer-term inflation expectations have remained stable.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee is concerned that, without further policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions. Furthermore, strains in global financial markets continue to pose significant downside risks to the economic outlook. The Committee also anticipates that inflation over the medium term likely would run at or below its 2% objective.

To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee agreed today to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. The Committee also will continue through the end of the year its program to extend the average maturity of its holdings of securities as announced in June, and it is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities. These actions, which together will increase the Committee's holdings of longer-term securities by about $85 billion each month through the end of the year, should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.

The Committee will closely monitor incoming information on economic and financial developments in coming months. If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability. In determining the size, pace, and composition of its asset purchases, the Committee will, as always, take appropriate account of the likely efficacy and costs of such purchases.

To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens. In particular, the Committee also decided today to keep the target range for the federal funds rate at 0 to 1/4% and currently anticipates that exceptionally low levels for the federal funds rate are likely to be warranted at least through mid-2015.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Dennis P. Lockhart; Sandra Pianalto; Jerome H. Powell; Sarah Bloom Raskin; Jeremy C. Stein; Daniel K. Tarullo; John C. Williams; and Janet L. Yellen. Voting against the action was Jeffrey M. Lacker, who opposed additional asset purchases and preferred to omit the description of the time period over which exceptionally low levels for the federal funds rate are likely to be warranted.

Good for you. I hope you'll have same or better results in 6 months.

TP0440 ... From the tone of your posts it sounds like you have experienced difficulties with the results of applying this system. I hope you haven't gotten any significant looses. I would like to share my own experiences after about 4 months of live trading using this system. The first 2 months i was using this and other 2 systems; during the last 2 months i have been using this system exclusively. I strongly believe that you are absolutely correct in saying that no indicator is as important as price action. Because of the nature of this strategy, it is common that you go into negative territory at the beginning of the trade and believe me i have most of the time but with patience and the correct lot size(s) I have been able to keep closing only positive trades. To me, the key components of making this strategy successful is the combination of trading very small lots (compare to your account value) and the application of some kind of recovery. I have been over 1200 pips in the red combining my open positions, but with patience and having plenty (and i mean PLENTY) of room to be able to average and recover from bad trades, I have been able to keep closing only winning trades and keeping my monthly performance at almost 4%. That is with many mistakes done along the way because of lack or trust in the strategy. That percentage is way lower than what AL suggests but it is much better than any previous results I've gotten trading forex with any other strategy, and it is a percentage I am happy with.
I am currently working on creating my own recovery strategy in which i have a better chance of rescuing my account with a lesser pip movement.
Best luck to you and everyone else trading this system.
Regards

Congratulations. Can you use a picture to explain?

Dear Bassramy,
I am learning extrem tma system. Could you please look my currency,

1- I am using H1 chart.
2- Tma slopy periot 56 my chart has h1-h4-d1
3- I have 4 tma band h1-h4-d1-w1 all off them atr 2.5
Now;
1- EUR/AUD ; SELL ( 1.2360 )
2- AUD /CAD ; BUY ( 1.0100)
3- AUD /CHF ; BUY (0.9800)
İf you have time please say me right way or no?
Best Regards.
Bülent.

Hezhigang,

I posted two entries with pictures at posts 12960 and 12954.

Regards,

Jon

Thank you TP. I hope the same for you.

Jon

Hi Bassramy,

Could you help me?
I Use FastTMAline centerline, it seems visually trend very well to me.

Whether it would be possible to change the indicator so that the colors would be different upward trend and downtrend. (As coral does).


Regards
-irbu-

I recommend to take profit now on both AUD, and reenter @ the bottom of the H1 or better yet H4 lower band next week if you can't whistand the whipsaws, and especially that today is Friday, i'm holding these trades through the weekend against my personal rules.

Bravo.

Dear Sir,
Thank you for your effort and help.
Best Regards.
Bülent.

Part of my daily research, shared with you.

What Does A $4 Trillion Fed Balance Sheet Mean For Gold And Oil

3 Numbers to Watch: US Retail Sales, EZ CPI, US Michigan survey

Quantitative Easing: A Tutorial

AUDUSD Reaches 100% Extension and 8/23 high

NZDUSD Up Over 400 Pips in 7 Days

Its all about USD Events today.

I'm not a coder but maybe one of the guys here can do it, i don't know.

Ok, thank you.

Could one of the others members do that.

Regards,
-irbu-

Trend is soooo strong today across many pairs. TMA slopes are so extreme looks like not many opporunities for fresh entries today. More like time to sit on hands and wait for things to settle down.

Any one else have thoughts on this?

Thanks,

Jon

Of course re-entries in direction of trend are possible, but I am not taking them yet.

About 1:30 pm currency eur/usd, gbp/usd, usd/cad change trand

Hi all,

Could you help me?
I Use FastTMAline centerline, it seems visually trend very well to me.

Whether it would be possible to change the indicator so that the colors would be different upward trend and downtrend. (As coral does).

I already ask this Bassramy, but he is not a coder.

Regards
-irbu-

In indi options, look for colors, last 3 is for the centerline.. You can change them as you want..

Gap Closed, EU could be rejected by resistance..

Thank you Nes.

I have tried. If I understand right the first is centerline.

But if I do anything last 3, there is nothing effect.
Probaply I do some thing wrong.

I will try again.

Regards,
-irbu-